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Banks have sought to be excused from the government’s plan to introduce 15 percent tax on stock dividend and retained earnings
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Rejaul Karim, a college teacher by profession, took a personal loan of Tk 6 lakh at 9.50 percent interest from a private commercial bank in 2015 to tackle some family emergencies.
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Default loans in state-run commercial banks soared 10.64 percent, or Tk 5,184 crore, in the first quarter of the year -- in the
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The government should go for massive reforms to salvage the ailing banking system or else the contagion will batter the entire financial sector, analysts said.
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Defaulted loans soared to Tk 110,874 crore as of March this year, the highest ever in the country.
